Breaking your FIXED RATE mortgage in 2025

Thinking about breaking your fixed-rate mortgage? With interest rates dropping, more homeowners are exploring whether breaking their mortgage early could save them money. But before making a move, it's crucial to understand the costs, risks, and potential savings.In this episode, I sit down with Matthew Imhoff, a prepayment penalty expert, to break down everything you need to know about Interest Rate Differential (IRD) penalties, timing your mortgage break, and strategies to minimize penalties while maximizing savings.Don’t forget to LIKE, COMMENT, and SUBSCRIBE for more expert insights on Saskatchewan real estate and finance!Thank-you to our Sponsors!Randall HoeberEmail: [email protected] Phone: 306-782-1323Pioneer Solar and RenewablesWebsite: pioneersolarenergy.com Email: [email protected] Phone number: (306) 384-7657 Facebook: / pioneersolarenergy Instagram: / pioneersolarenergy Youtube: • Commercial Solar Installation - Pione... Krishna AmbilwadeWebsite: https://www.meetkrishna.com/Email: [email protected]: (306) 850-6744Ronald Quaroni- Mortgage BrokerNEED HELP WITH A MORTGAGE- Book a time in Ron's calendar to discuss your mortgage needs. https://calendly.com/ronqmortgage/15m...INSTAGRAM- / saskatchewanmortgage FACEBOOK- / ronquaroni DISCLAIMER:The information in the video is for demonstrative purposes only. It does not take into account the specific objectives, circumstances and individual needs of the viewer. Its purpose is educational and should be relied upon in that regard. The information is believed to be reliable, but its accuracy, completeness and currency cannot be guaranteed. The authors and sources and any other party identified in the video.Podcast Host: Ron QuaroniPodcast Editor/Producer: Olga Viakter